Archive for August 21st, 2015

Deeper Analysis

What’s Going On?

August 21, 2015

In this week of market upheaval, the most consistent theme is reversal.  The dollar, which early in the year inspired great optimism, is fading.  Share prices are correcting sharply downward around the world.  Many Fed officials are itching to raise interest rates, even as oil sinks below $40/barrel for the first time since 2009.  Many […] More

Foreign Exchange Insights and Next Week

Next Week

August 21, 2015

Central Banking Beat:  The annual K.C. Fed-Jackson Hole Symposium for central bankers begins on Thursday, August 27 and runs through Saturday August 29.  A speech on the final day of the conference by Vice-Chair Stanley Fisher is awaited for clues about whether the first fed funds hike will come as soon as September.  Fed district […] More

New Overnight Developments Abroad - Daily Update

A One-Two Punch from China and Greece

August 21, 2015

The dollar’s retreat was extended overnight, hitting a low of 1.1312 per euro.  Against Thursday closing levels, the U.S. currency lost 0.6% against the kiwi and yen, 0.5% versus the euro, and 0.4% vis-a-vis the Swiss franc.  The dollar, in contrast, is unchanged relative to the yuan and Australian dollar and shows gains of 0.4% […] More